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Updated almost 2 years ago on . Most recent reply

User Stats

24
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10
Votes
Brian Bisdorf
  • Financial Advisor
  • Fort Worth, TX
10
Votes |
24
Posts

First flip is the hardest?

Brian Bisdorf
  • Financial Advisor
  • Fort Worth, TX
Posted

Two Years ago I started a flip company with a contractor. We searched and searched for potential properties with no luck. I stumbled upon my first off market offer from what I didn't know at the time was a wholesaler. I thought I hit a gold mine with these off market super secret deals... only problem,  they weren't deals at all. Every property we looked at had unreasonable ARVs and comps. We became so discouraged, we just quit without getting one flip.

Ive decided this time is different.

I know understand that there are tons and tons of wholesalers and you have to sift through a hundred deals to find one.. is there a better way? If this is they way, how many lists should I subscribe to in order to hope to find enough deals to flip three houses by year end?

Most Popular Reply

User Stats

247
Posts
240
Votes
Ben Firstenberg
  • Investor
  • Cleveland
240
Votes |
247
Posts
Ben Firstenberg
  • Investor
  • Cleveland
Replied

I think it's not a question of how many lists to subscribe to or anything like that. It's finding a really good wholesaler or agent. One person who knows what they're doing can find you 3 good flip opportunities by the end of the year no problem. 

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